Cranbourne North

This topic has been updated with 2016 Census data for all areas. What's this?

In Cranbourne North, the 'medium highest group' was the largest quartile, comprising of 36% of households with mortgages in 2016.

Mortgage repayments in Cranbourne North are directly related to house prices, length of occupancy and the level of equity of home owners. When viewed with Household Income data it may also indicate the level of housing stress in the community.

The quartile method is the most objective method of comparing change in the mortgage payment profile of a community over time.

A detailed explanation of how Housing Loan Repayment quartiles are calculated and interpreted is available in specific data notes.

Derived from the Census questions:

'How much does your household pay for this dwelling?' and 'Is this dwelling (owned outright, owned with a mortgage etc.)'

Source: Australian Bureau of Statistics, Census of Population and Housing, 2016 (Enumerated data)Compiled and presented in profile.id by .id, the population experts.

Change in housing loan quartiles, 2011 to 2016

Source: Australian Bureau of Statistics, Census of Population and Housing, 2011 and 2016 (Enumerated data)Compiled and presented in profile.id by .id, the population experts.

Dominant groups

Housing loan repayment quartiles allow us to compare relative repayment liabilities across time. Analysis of the distribution of households by housing loan repayment quartiles in Cranbourne North compared to the City of Casey shows that there was a smaller proportion of households in the highest repayment quartile, as well as a smaller proportion in the lowest repayment quartile.

Emerging groups

The total number of households with a mortgage in Cranbourne North increased by 622 between 2011 and 2016. The most significant change in Cranbourne North during this period was in the medium highest quartile which showed an increase of 290 households.

Free demographic resources

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